Global EMS Market Projected to Surpass $800 Billion by 2030
- By Lipika Agarwal
- 10 Jun 2025
- Business
The global Electronic Manufacturing Services (EMS) market is projected to surpass $800 billion by 2030, according to Mordor Intelligence. This steady expansion can be attributed to rising consumer electronics demand across various sectors - consumer electronics, automotive, healthcare, telecommunications etc. This market expansion can also be found on both sphericalinsights.com and globenewswire.com with respect to EMS services respectively.
Market Growth and Projections
Mordor Intelligence estimates the EMS market to have a total value of $614.77 billion in 2025 and project that it will grow at an annual compound growth rate (CAGR) rate of 5.9% between now and 2030, increasing at an annual compound annual growth rate (CAGR) rate of 5.9% during this time frame. Fortune Business Insights predicts it will expand from $503.91 billion in 2022 to $856.20 billion by 2030 at a CAGR rate of 7.0% over that same time frame.
Key Points of Growth
Multiple factors contribute to the expansion of EMS market:
- Technological Advancements: With the development of 5G, Internet of Things (IoT), and automation technologies has increased both complexity and demand for electronic components; companies often opting to outsource manufacturing to specialist EMS providers.
- Cost Efficiency: Outsourcing manufacturing allows original equipment Manufacturers (OEMs) to cut production costs while focusing on core competencies like design and innovation.
- Industries With Specific Requirements: Industries such as automotive, healthcare and aerospace require electronic components with specific features for their applications; therefore increasing the need for EMS providers that specialize in these areas like SphericalInsights.com
- Regional Insights: Asia Pacific currently dominates the Electronic Manufacturing Services (EMS) market due to its established manufacturing infrastructure and cost advantages, with countries like China, India and South Korea emerging as leaders in this space. Meanwhile North America and Europe are seeing growth due to advances in technology and rising consumer demand for electronic products.
Conclusion
The projected expansion of the Electronic Manufacturing Services market can be explained by its increasing reliance on electronic components across different industries. As new technological innovations emerge, demand for specialized manufacturing services should increase rapidly - making EMS providers integral partners in global supply chains.
